Business Diary: Consider the Krugman Factor

The Nobel Prize-winning economist Paul Krugman is fighting back following an exchange between Glenn Beck and Bill O'Reilly, the right-wing shock jocks of American television. Describing Krugman as one of the "far left", O'Reilly said that he and the likes of "Soros and his merry men" were intent on destroying the American economy so that they would be free to "build up a socialist system". O'Reilly is on to something, confesses Krugman on his blog, adding "Luckily, he hasn't learned about our plan to steal his precious bodily fluids." It's hardly a fair fight, intellectually, this one.



A right royal share tip

There is a large health warning with this suggestion – it comes from a fund management company – but if you're looking for a reason to invest on the stock market, the Royal Wedding could be it, says Fidelity. It points out that the investment climate in the run-up to the wedding of Charles and Di in 1981 was remarkably similar to today, with stocks having underperformed for an extended period and a bleak economic outlook. So in the unlikely event of you having a few spare pennies, give your broker a call, rather than spending it on Kate and Wills memorabilia.



Morecome or Newkey this year?

Word has it that one or two large travel firms are getting nervous about the lack of bookings they've taken so far for the forthcoming summer season. Well, Travelodge may have an explanation – it turns out Britons can't spell the names of some of our best-known towns and cities. Indeed, 25 per cent of its daily bookings are misspelt. Morecome for Morecambe is common, while Newquay is often rendered Newkey. If they can't spell English names, what hope is there for foreign parts?



Heated response from Scotland

We're charmed by Hawick Knitwear, a small Scottish company, which has just sent the Diary a triumphant note about how sales this year have exceeded all expectations. We're all for trumpeting the success of entrepreneurial small businesses; we would question whether the best time to launch a marketing drive for woolly jumpers is in the middle of an unseasonable heatwave.

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Guru Careers: Software Developer / C# Developer

£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...

Neil Pavier: Management Accountant

£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...

Sheridan Maine: Commercial Accountant

£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...

Laura Norton: Project Accountant

£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...

Day In a Page

Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

More people moving from Australia to New Zealand than in the other direction for first time in 24 years
Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

Australia's first-ever Eurovision entrant

Australia, a nation of kitsch-worshippers, has always loved the Eurovision Song Contest. Maggie Alderson says it'll fit in fine
Letterman's final Late Show: Laughter, but no tears, as David takes his bow after 33 years

Laughter, but no tears, as Letterman takes his bow after 33 years

Veteran talkshow host steps down to plaudits from four presidents
Ivor Novello Awards 2015: Hozier wins with anti-Catholic song 'Take Me To Church' as John Whittingdale leads praise for Black Sabbath

Hozier's 'blasphemous' song takes Novello award

Singer joins Ed Sheeran and Clean Bandit in celebration of the best in British and Irish music
Tequila gold rush: The spirit has gone from a cheap shot to a multi-billion pound product

Join the tequila gold rush

The spirit has gone from a cheap shot to a multi-billion pound product
12 best statement wallpapers

12 best statement wallpapers

Make an impact and transform a room with a conversation-starting pattern
Paul Scholes column: Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?

Paul Scholes column

Does David De Gea really want to leave Manchester United to fight it out for the No 1 spot at Real Madrid?